CES Energy Solutions (TSE:CEU) had its price target reduced by Alliance Global Partners from C$7.00 to C$5.00 in a report published on Thursday.

Several other research analysts have also recently weighed in on CEU. TD Securities upgraded CES Energy Solutions from a buy rating to an action list buy rating and set a C$7.00 price target for the company in a research report on Wednesday, November 14th. Canaccord Genuity reduced their price target on CES Energy Solutions from C$5.50 to C$4.75 in a research report on Thursday, November 22nd. National Bank Financial upgraded CES Energy Solutions from a sector perform rating to an outperform rating and set a C$6.50 price objective for the company in a research report on Tuesday, November 27th. Raymond James cut CES Energy Solutions from a strong-buy rating to an outperform rating and cut their price objective for the company from C$7.00 to C$5.00 in a research report on Monday, February 4th. Finally, GMP Securities cut their price objective on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$5.88.

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Shares of CEU stock opened at C$2.91 on Thursday. The company has a debt-to-equity ratio of 72.49, a current ratio of 3.43 and a quick ratio of 1.91. The company has a market cap of $773.73 million and a P/E ratio of 22.38. CES Energy Solutions has a twelve month low of C$2.85 and a twelve month high of C$6.73.

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 15th were given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, January 30th. CES Energy Solutions’s dividend payout ratio (DPR) is presently 30.77%.

In other news, insider John Michael Hooks sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of C$3.26, for a total value of C$65,214.00. Following the completion of the sale, the insider now directly owns 1,512,171 shares in the company, valued at C$4,930,735.98.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.